AGF issues first tranche of USD 50M Guarantee to Equity Bank to support SMEs in Kenya, Uganda, Rwanda & DRC
AGF has issued a loan portfolio guarantee amounting to USD 10 million to Afriland First Bank.
This financial guarantee will be entirely dedicated to Small and Medium Enterprises qualified for green financing.
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The partnership will unlock $1.3 to 2 billion in loans to women-owned SMEs in Africa.
The SMEs pulled from various West African countries will benefit from training, mentorship and technical assistance.
GreenYellow, Axian, Societe Generale, GuarantCo and AGF close EUR 16.2 million transaction to support debt funding of a 20 MW solar photovoltaic power plant.
AGF has announced the appointment of Jules Ngankam as the new Group Chief Executive Officer.
The transaction is enhanced with a partial risk guarantee from AGF and blended with technical assistance contributions from TDB and AGF.
Pioneer CEO transitions to Board Chairman and Deputy CEO appointed as Acting CEO.